507 14th St N · Naples, FL 34102

$899,000

4 bd · 2.0 ba · 1,436 sqft · SingleFamily public records · 639 Days on market

Built 1990 6,098 sqft lot

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Why this score? — see what drove the C grade

The composite is a weighted blend of 9 inputs, each scored 0–100. Each bar is that input's sub-score; the figure is the points it added to the 100-point composite (weight × sub-score).

• Cash flow +17.0/30.0
• ARV discount +7.5/15.0
• Appreciation +7.0/10.0
• DSCR +5.3/10.0
• Schools +5.0/10.0
• Rent growth +4.7/5.0
• Livability +4.0/5.0
• 1% rule +3.5/10.0
• Condition / age +2.5/5.0

Listing remarks MLS

CITY OF NAPLES, GULF ACCESS, 1990 BUILD, ALL AROUND THE CORNER FROM BAKER PARK AND OLDE NAPLES. THIS HOME HAS IT ALL. Be in an A school district and be within 14 blocks of the beach

Key facts

• Turn key furnished
• Highest elevation
• 6,098 sq ft lot

Tags

• HIGHEST ELEVATION
• TURN KEY FURNISHED

Property features AI

Finance

• Other: Lot is a regular, rectangular parcel (approx. 0.14 acres) with recorded lot dimensions; Total area listed as 1,958 (unit as provided by source)
• HOA & community: Non-gated community; No HOA maintenance or community amenities listed

Exterior

• Parking: Attached 2-car garage
• Utilities: Central water; Central sewer; Cable available
• Home design: Single-family residence; One-story / ranch; Rear exposure faces west; Located in the River Park development
• Construction: Concrete block construction; Built in 1990
• Exterior features: Stucco exterior; Shingle roof; Canal view and waterfront access; Gulf access via bridges; Canal width approximately 31–80 feet

Interior

• Bedrooms: 4 bedrooms
• Bathrooms: 2 full bathrooms; Master bathroom details: see remarks
• Heating & cooling: Central electric heat; Central electric cooling; Ceiling fans
• Interior features: Walk-in closet; Dining area off family room; Unfurnished

What this means for you Summary

Snapshot

• This is a 4-bed/2.0-bath single-family listed at $899k.

Deal economics

• At list price, monthly cash flow is $184 ($2k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• To meet the 1% rule (rent ≥ 1% of price), the offer needs to be $762k (15.2% below list).
• Recommended offer: $762k (15.2% below list) — sets the bar for 1% rule.

Location & tenants

• Location reads 80/100 on livability (#126 in FL, #1,903 nationally) — a professional / high-income tenant draw. Strengths: crime A+, amenities A+, employment A+; Watch: commute D+, cost of living F.
• Collier (suburban): math 60% / reading 56% proficiency, ranked #16 of 73 in FL (top 22%) — acceptable for families but not a draw, mixed tenant base, ~2y average lease.
• Market conditions: Rents rising fast (+8.8%/yr); 614 active listings in the ZIP; 36 comparable units currently listed for rent nearby; rentals at typical pace (median 25d on market — plan ~3-4 weeks tenant-placement turnaround); high-income renter base; 3,520 units permitted in Collier County in 2024 (959 in 5+ unit buildings).
• At $7,624/mo this rent would consume 70% of the median local household income ($131k/yr) (locally 333% of renters already pay >50% of income on rent) — very limited rent-growth headroom before tenants either downsize or default.

Forward outlook

• In year one you build about $43k of equity ($6k loan paydown + $37k appreciation (4.1% local appreciation)).
• Collier County population projected at +30% by 2050 — long-run rental-demand tailwind backs the buy-and-hold thesis.
• At projected returns (4.1% appreciation + 8.0% rent growth), your $252k cash investment doubles in ~5 years — after that, you're playing with house money.
• By year 2, paydown + projected appreciation supports a ~$69k cash-out refi (75% LTV) — recoverable capital for the next deal without selling this one.

Negotiation context

• It's been on market 639 days — a 12% lower offer ($791k) is reasonable based on typical stale-listing flexibility.
• 5 sale attempts since 10y ago; this cycle's ask is 25586% above the opening price — seller raised mid-cycle; expect resistance to lowballs.
• Current owner paid $529k; list at $899k implies a 70% gain — meaningful room to come down on a strong offer.

Risks & watch-outs

• Watch-outs: flood insurance adds $427/mo.
• Climate carrying-cost: in FEMA flood zone AE (mandatory federal flood insurance); severe wind risk, 99% chance of damaging wind over 30y; extreme-heat days projected 7→27/yr by 2055 (HVAC capex compounding) — expect insurance premiums to compound above CPI over the hold.

Recommended offer $762,394 (15.2% below list)

Questions for the listing agent

1. It's been on market 639 days. Have you received any prior offers? Is the seller open to a 15% concession, seller financing, or rate buy-down credit?
2. What's the actual annual flood-insurance premium (NFIP or private), and is the property in a SFHA with mandatory coverage?
3. Why hasn't it sold? Are there any deal-killer items the seller is aware of (foundation, flood, title, zoning, code violations)?
4. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
5. Schools are B-rated — typically a magnet for longer-tenancy family renters. What's the average tenant stay here, and is there a school-zone premium baked into asking?
6. What's the average days-on-market for RENTAL listings here right now (not sales)? A rising rental-DOM trend means longer vacancies and softer asking-rent achievability than the comps imply.
7. What's the recent tenant-quality profile in this submarket — average credit score on applications, eviction rate, late-payment / NSF rate, and stable-employment percentage? A property-management company in the area should have these aggregated.
8. How much new for-sale + rental construction is in the pipeline within 1–3 miles? Heavy new supply typically softens prices + rents 12–24 months out; constrained supply supports both.

Investment metrics

• 1% rule: 0.85% ✗
• Cap rate: 7.11%
• Cash-on-cash: 2.91%
• DSCR: 1.13
• GRM: 9.8

CMA / ARV

No comps found within radius.

Projected returns pro-forma

4.08% appreciation · 8.0% rent growth · sell at horizon

5-year hold

• IRR: 13.6%
• Equity multiple: 1.85×
• Total profit: $212,825
• Equity at exit: $460,200

10-year hold

• IRR: 17.0%
• Equity multiple: 4.00×
• Total profit: $754,166
• Equity at exit: $756,222

Cash invested: $251,720 (down + closing). Projections, not guarantees.

Landlord ↔ Tenant lean methodology

• Overall (STATE): 87 Strongly Landlord-Friendly
• State Florida: 87 Strongly Landlord-Friendly · R+3
• County: — inherits STATE
• City: — inherits STATE

3-day pay-or-quit; preempts local rent control; landlord-friendly statutes. Court speed varies by county.

Methodology + full state rankings →

ZIP-level market 34102

• Home prices YoY: 1.3%
• Rents YoY: 8.8%
• Active inventory: 614
• Price-to-rent: 9.8×

Monthly cashflow live

• Estimated rent: $7,624 medium
• Mortgage (P&I): −$4,714
• Tax from tax record: −$323 /mo · $3,876/yr
• Insurance: −$375
• Flood insurance flood zone: −$427 /mo · $5,118/yr
• HOA: −$0
• Vacancy / Maint / Mgmt: −$1,601
• Net cashflow: $184

Break-even live

Break-even rent $7,391

Max offer price $899,000

Occupancy floor 93%

Sensitivity live

Price	-10% $693	-5% $439	+0% $184	+5% $-70	+10% $-325
Rent	-10% $-418	-5% $-117	+0% $184	+5% $485	+10% $787
Rate	-1.0pp $637	-0.5pp $413	base $184	+0.5pp $-49	+1.0pp $-286

UW: 25.0% down · 7.5% · 30yr · 1.5% tax · 5.0% vac · 8.0% maint · 8.0% mgmt

Financing live

Cash to close

• Down payment: $224,750
• Closing costs: $26,970
• Reserves months: —
• Total cash needed: —

Rent comps 36 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
514 14th St N Naples, FL	3.0	2.0	1779	$5,200	$2.92	24d	1	0.02mi
714 11th St N Naples, FL	3.0	2.0	1183	$9,500	$8.03	24d	1	0.44mi
982 13th St N Naples, FL	3.0	2.5	1204	$8,000	$6.64	24d	1	0.51mi
1111 Central Ave Naples, FL	2.0–3.0	2.0–3.5	1627	$17,000	$10.45	24d	4	0.52mi
905 13th St N Naples, FL	3.0	2.0	1292	$8,000	$6.19	24d	1	0.52mi
981 8th Ter N Naples, FL	3.0	2.0	1200	$8,500	$7.08	24d	1	0.56mi
410 Bayfront Pl Naples, FL	1.0–3.0	1.0–2.0	1242	$9,750	$7.85	24d	6	0.70mi
850 Central Ave Naples, FL	2.0–3.0	2.0–3.0	1530	$18,000	$11.76	14d	4	0.70mi
732 7th Ave N Naples, FL	3.0	2.0	1829	$7,295	$3.99	22d	1	0.71mi
450 Bayfront Pl Naples, FL	1.0–3.0	1.0–2.5	1324	$12,000	$9.06	24d	6	0.73mi
1236 13th Ave N Naples, FL	3.0	2.0	1461	$14,500	$9.92	24d	1	0.73mi
766 Central Ave Naples, FL	2.0–3.0	2.0	943	$6,500	$6.89	14d	4	0.77mi
1030 3rd Ave S Naples, FL	2.0–3.0	2.0–3.5	2101	$18,000	$8.57	24d	4	0.79mi
295 6th St N Naples, FL	3.0	3.0	1868	$30,000	$16.06	24d	1	0.83mi
1281 10th St N Naples, FL	4.0	2.0	1580	$7,000	$4.43	24d	1	0.85mi
469 3rd Ave N Naples, FL	3.0	2.0	1400	$6,900	$4.93	24d	1	0.92mi
2048 Holiday Ln Naples, FL	4.0	3.0	1600	$9,000	$5.62	24d	1	1.04mi
361 1st Ave N Naples, FL	3.0	3.0	1500	$16,000	$10.67	24d	1	1.04mi
2047 Harbor Ln Naples, FL	3.0	2.0	1382	$7,500	$5.43	22d	1	1.05mi
1471 Mandarin Rd Naples, FL	3.0	2.0	1788	$6,500	$3.64	22d	1	1.06mi
1530 Mandarin Rd Naples, FL	3.0	3.0	1635	$25,000	$15.29	24d	1	1.06mi
116 3rd St N Naples, FL	3.0	2.5	1400	$14,000	$10.00	24d	1	1.07mi
391 4th St S #401 Naples, FL	3.0	3.0	1850	$4,950	$2.68	24d	1	1.14mi
1600 Curlew Ave Naples, FL	3.0	2.0	1817	$20,000	$11.01	24d	1	1.17mi
1320 Embassy Ln Naples, FL	3.0	2.0	1251	$3,300	$2.64	14d	1	1.18mi
1589 Osprey Ave Naples, FL	3.0	2.0	1868	$3,750	$2.01	14d	1	1.21mi
1589 Osprey Ave Naples, FL	3.0	2.0	1868	$3,950	$2.11	24d	1	1.21mi
1950 Mayfair St Naples, FL	3.0	1.0–3.5	1514	$11,999	$7.92	14d	109	1.22mi
2548 River Reach Dr Unit 1073502P Naples, FL	3.0	2.0	1550	$5,795	$3.74	14d	1	1.25mi
964 8th St S Unit B-2 Naples, FL	3.0	2.0	1707	$10,500	$6.15	24d	1	1.28mi
985 Sandpiper St Unit 1I-204 Naples, FL	3.0	2.0	1769	$4,850	$2.74	24d	1	1.30mi
433 2nd St S Unit B202 Naples, FL	3.0	3.0	1667	$18,000	$10.80	24d	1	1.33mi
453 8th Ave S #106 Naples, FL	3.0	2.5	1758	$6,800	$3.87	24d	1	1.35mi
1120 Little Neck Ct Unit E40 Naples, FL	3.0	2.0	1400	$2,999	$2.14	24d	1	1.36mi
2680 Longboat Dr Naples, FL	3.0	2.0	1528	$11,000	$7.20	24d	1	1.45mi
1155 6th St S Naples, FL	3.0	2.0	1384	$16,000	$11.56	24d	1	1.50mi

Listing history 25 events

1. 2026-06-18
   days on market $899,000 Active 639 DOM
2. 2026-06-17
   days on market $899,000 Active 638 DOM
3. 2026-06-16
   days on market $899,000 Active 637 DOM
4. 2026-06-15
   days on market $899,000 Active 636 DOM
5. 2026-06-10
   days on market $899,000 Active 631 DOM
6. 2026-06-09
   days on market $899,000 Active 630 DOM
7. 2026-06-08
   days on market $899,000 Active 629 DOM
8. 2026-06-07
   days on market $899,000 Active 628 DOM
9. 2026-06-02
   days on market $899,000 Active 623 DOM
10. 2026-06-01
    days on market $899,000 Active 622 DOM
11. 2026-05-31
    days on market $899,000 Active 621 DOM
12. 2026-05-30
    days on market $899,000 Active 620 DOM
13. 2026-05-06
    historical $3,500
14. 2026-04-30
    price $899,000
15. 2026-01-08
    listed $3,500
16. 2026-01-08
    historical $3,500
17. 2025-08-06
    listed $3,500
18. 2025-08-05
    price $799,000
19. 2025-01-19
    price $899,000
20. 2024-09-17
    listed $999,999 Active
21. 2022-09-01
    soldstatus $529,000 Sold 181-char remark

    Show marketing remark (181 chars)

    CITY OF NAPLES, GULF ACCESS, 1990 BUILD, ALL AROUND THE CORNER FROM BAKER PARK AND OLDE NAPLES. THIS HOME HAS IT ALL. Be in an A school district and be within 14 blocks of the beach

22. 2022-07-16
    status Pending 181-char remark

    Show marketing remark (181 chars)

    CITY OF NAPLES, GULF ACCESS, 1990 BUILD, ALL AROUND THE CORNER FROM BAKER PARK AND OLDE NAPLES. THIS HOME HAS IT ALL. Be in an A school district and be within 14 blocks of the beach

23. 2022-07-09
    listed $499,000 Active 181-char remark

    Show marketing remark (181 chars)

    CITY OF NAPLES, GULF ACCESS, 1990 BUILD, ALL AROUND THE CORNER FROM BAKER PARK AND OLDE NAPLES. THIS HOME HAS IT ALL. Be in an A school district and be within 14 blocks of the beach

24. 2016-05-11
    historical
25. 2016-04-27
    listed $160,875

ⓘ Source: listings_history table (triggers on properties + properties_extension) + one-shot backfill from property_details.listing_events for pre-trigger history.

Tax reassessment forecast FL · Resets to sale price

• Current annual tax: $3,876 · $323/mo
• Projected year-2 tax: $7,462 · $622/mo
• Expected delta: +$3,585/yr (+$299/mo · 92.5%)

ⓘ Screening estimate from a state-policy table — verify with the county assessor before closing.

Climate risk First Street

• 🌊 Flood 9/10 Extreme FEMA zone AE · 99% chance over 30 yrs
• 🔥 Wildfire 1/10 Low
• 🌡 Heat 10/10 Extreme 7 d/yr ≥107°F today · 27 d/yr by 30 yrs out
• 💨 Wind 10/10 Extreme 99% chance of damaging wind over 30 yrs
• 🫁 Air quality 2/10 Low 2 unhealthy d/yr today · 2 by 30 yrs out

Taxation est. · year 1

• Rental income: $91,487
• − Mortgage interest: −$50,358
• − Property taxes: −$3,876
• − Insurance: −$9,614
• − Repairs & maintenance: −$7,319
• − Management: −$7,319
• − Depreciation: −$26,153
• Taxable loss: −$13,151
• Est. tax savings @ 24.0%: +$3,156
• After-tax cash flow: $5,368/yr

For passive investors: Depreciation is non-cash, so a rental often shows a tax loss while cash-flowing — sheltering income. Rental losses are passive: they offset passive income freely, and up to $25,000/yr can offset ordinary (W-2) income if you actively participate and your MAGI is under $100k (phasing out to $0 by $150k); unused losses carry forward. On sale, claimed depreciation is recaptured at up to 25%, and gains may owe capital-gains tax (a 1031 exchange can defer both). Figures are a year-1 estimate at your 24.0% rate — not tax advice; consult a CPA.

Schools (NCES district)

• District: Collier
• NCES district ID: 1200330
• Math proficiency: 60% ▼ -4.00%
• Reading proficiency: 56% ▼ -2.00%
• Median HH income: $58,275
• Composite: 50.23/100
• National rank: #1892
• State rank: #16 of 73 in FL

Livability — Naples

• Score: 80/100
• State rank: #126
• US rank: #1903

Category grades

Amenities A+ Commute D+ Cost of living F Crime A+ Employment A+ Housing C+ Health & safety A+ User ratings C+

Schools grade is shown separately in the Schools card above.

Census & demographics

• Census place: Naples, FL
• County: Collier County · 396,295 people
• City population: 344,941
• Metro: Naples-Marco Island, FL
• Population (ZIP): 11,179
• Household income: $130,929
• Rent vs Own: 24.1% rent · 75.9% own
• Severe rent burden: 333.0

Population outlook (Collier County) Hauer SSP2

• Today (2025): 420,858 people
• By 2030: 450,054 · +6.9%
• By 2040: 502,232 · +19.3%
• By 2050: 544,932 · +29.5%
• By 2075: 627,203 · +49.0%
• By 2100: 659,015 · +56.6%

Race, ethnicity, and origin ACS 2023

• Neighborhood character: Predominantly White (79%)
• Race & ethnicity: White 79% Hispanic / Latino 9% Two or more races 8% Black 8% Asian 1%
• Hispanic origin (detail): Cuban 6%
• Common ancestry: Hispanic 4% Lithuanian 4% Romanian 4%
• Foreign-born: 17% · Canada, China
• Languages at home: 87% English-only · Spanish 7% French/Haitian/Cajun 4% German/W. Germanic 1%

Political lean MEDSL · Collier

• 2024 margin: Solid R (+33.1) · D 33.1% · R 66.2%
• 2008→2024 swing: -10.6pp toward R · 2008: -22.5pp · 2024: -33.1pp
• All cycles: 2024: R+33.1 2020: R+24.7 2016: R+26.0 2012: R+30.1 2008: R+22.5

Not yet ingested

• Civics: —

Market trends

• HPI YoY: ▲ 4.08%
• Current HPI: 328.2755
• Rent YoY: ▲ 8.75%
• Metro: Naples-Marco Island, FL
• State GDP YoY: ▲ 3.28%
• F500 in state: 36

Industry mix (Fortune 500 HQ in FL)

Industry	F500 HQs	Revenue
▸Industrial Technology	2	$29B
▸Insurance	2	$17B
▸Retail	1	$60B
▸Technology Distribution	1	$58B
▸Homebuilding	1	$35B
▸Technology Manufacturing	1	$35B

Price history

-97.8% since first listed

13 events — show timeline

• 2026-05-06 Rental Removed $3,500 FGCMLS
• 2026-04-30 Price Changed $899,000 NAPLESMLS
• 2026-01-08 Listed for Rent $3,500 FGCMLS
• 2026-01-08 Rental Removed $3,500 NAPLESMLS
• 2025-08-06 Listed for Rent $3,500 NAPLESMLS
• 2025-08-05 Price Changed $799,000 NAPLESMLS
• 2025-01-19 Price Changed $899,000 NAPLESMLS
• 2024-09-17 Listed $999,999 NAPLESMLS
• 2022-09-01 Sold (MLS) $529,000 NAPLESMLS
• 2022-07-16 Pending — NAPLESMLS
• 2022-07-09 Listed $499,000 NAPLESMLS
• 2016-05-11 Listing Removed — Stellar MLS as Distributed by MLS Grid
• 2016-04-27 Listed $160,875 Stellar MLS as Distributed by MLS Grid

Property tax history

+18.3%/yr

Latest (2025): $3,876 · +10.3% YoY. Source: county tax records.